Global

Diversification prospects

Lessons from the financial crisis

Fitch's outlook in credit negative

Replaces Lazard

Bond outlook finally looks to be changing

Rising wages and inflation

Run by Konstantin Leidman

You may not have enjoyed 2016 but it was actually a decent year for investors. Perhaps surprisingly, Russia, Brazil and high yield top the performance rankings, which goes to show the wisdom of avoiding crowded trades.

EMs on a 'whopping' 30% discount

Credit as an asset class has historically delivered reliable returns across the cycle. Last year's returns in global credit were exceeding 6%, writes Vontobel's Christian Hantel.